Telstra Correlations

TTRAF Stock  USD 2.38  0.00  0.00%   
The current 90-days correlation between Telstra Limited and Singapore Telecommunications Limited is 0.04 (i.e., Significant diversification). The correlation of Telstra is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Telstra Correlation With Market

Modest diversification

The correlation between Telstra Limited and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telstra Limited and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Telstra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Telstra when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Telstra - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Telstra Limited to buy it.

Moving together with Telstra Pink Sheet

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Moving against Telstra Pink Sheet

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Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
VODPFMTNOY
VODPFSNGNF
TLTZYMTNOY
KDDIFMTNOY
VODPFTLTZY
SNGNFBGAOY
  
High negative correlations   
TLSNFSNGNF
KDDIFTLSNF
TLSNFBGAOY
ASEJFAMXOF
ASEJFKDDIF
ASEJFTLSNF

Risk-Adjusted Indicators

There is a big difference between Telstra Pink Sheet performing well and Telstra Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Telstra's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SMNUF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
BGAOY  1.54 (0.20) 0.00  0.64  0.00 
 4.96 
 11.28 
SNGNF  0.77  0.02  0.00  0.35  0.00 
 1.35 
 21.20 
MTNOY  1.59 (0.13) 0.00  0.70  0.00 
 2.92 
 11.05 
TLTZY  1.80 (0.02) 0.00  0.16  0.00 
 3.41 
 17.50 
VODPF  1.50 (0.27) 0.00 (0.22) 0.00 
 3.45 
 27.67 
TLSNF  0.14 (0.07) 0.00  0.78  0.00 
 0.00 
 2.82 
KDDIF  1.10 (0.17) 0.00  1.09  0.00 
 2.74 
 13.98 
AMXOF  6.41  0.18  0.02  0.27  7.59 
 18.06 
 43.19 
ASEJF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Telstra without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Telstra Corporate Management

Lyndall StoylesSustainability, ExecProfile
Brendon BBusGroup Executive of Global Enterprise and ServicesProfile
Nathan BurleyHead RelationsProfile
David BurnsActing Group Executive - Global Enterprise and ServicesProfile
Michael AcklandActing Group ExecutiveProfile
Nikos KatinakisGroup Executive - Networks & ITProfile
Vicki BradyGroup Executive, Consumer and Small BusinessProfile